12 U.S.C. § 2908 — Small bank regulatory relief

(a) In general Except as provided in subsections (b) and (c), a regulated financial institution^* with aggregate assets of not more than $250,000,000 is subject to routine examination under this chapter as follows: (1) not more than once every 60 months if the institution received an “outstanding record of meeting community credit^* needs” rating at its most recent examination under section 2903 of this title; (2) not more than once every 48 months if the institution received a “satisfactory record of meeting community credit needs” rating at its most recent examination under section 2903 of this title; and (3) as the appropriate Federal financial supervisory agency^* considers necessary if the institution received a rating lower than “satisfactory record of meeting community credit needs” at its most recent examination under section 2903 of this title. This section does not define “regulated financial institution,” “aggregate assets,” “routine examination,” or “appropriate Federal financial supervisory agency.”

(b) No exception from CRA examinations in connection with applications for deposit facilities A regulated financial institution described in subsection (a) remains subject to examination under this chapter in connection with an application for a deposit facility^*. This section does not define “deposit facility.”

(c) Discretion A regulated financial institution described in subsection (a) may receive examinations more or less often for reasonable cause, under circumstances that the appropriate Federal financial supervisory agency determines. This section does not define “reasonable cause” or “circumstances.”